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Ferrari NV
Ferrari doubles Taiwan sales as chip entrepreneurs fuel demand
...This drives scarcity and increases both its prices and the resale value of its cars, helping the company enjoy the best margins in the auto industry....
March 25, 2024
News updates from March 22: Dozens dead in Moscow attack; Princess of Wales undergoing cancer treatment
Li Auto shares fall after cutting sales forecasts amid EV price war
...Hong Kong-listed shares in Chinese electric-vehicle maker Li Auto dropped 7 per cent on Friday, after the company slashed its January-March sales volume forecast due to lower than expected order intake....
March 22, 2024
FT Live
Crypto and Digital Assets Summit
Connecting leaders in crypto with mainstream finance
Wednesday, 8 MayLondon
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...This shift will have major ramifications for both the auto industry and the energy sector,” he said....
April 23, 2024
Electric vehicles
Ship shortage holds up Chinese EV sales in Europe
...“It has now caused a major headache for auto companies that rely on these ships....
January 8, 2024
Tesla Inc
Tesla and BYD sales fall as concerns mount over electric shift
...Tesla’s sales figures also “suggested a sharp deterioration in growth” in the US, said Tom Narayan, an auto analyst at RBC Capital Market, while the Model Y and 3, which account for more than 90 per cent...
April 2, 2024
Electric vehicles
US gives carmakers more time to meet aggressive emissions targets
...Among those concerned about a swift rollout of electric vehicles is the United Auto Workers union, which has endorsed Biden for 2024....
March 20, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
BYD Co Ltd
BYD loses EV throne to Tesla as sales slip
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
April 2, 2024
Toyota Motor Corp
Toyota raises profit forecast as hybrid sales soar
...In the third quarter, hybrid sales increased 47 per cent year on year to 951,000, as total vehicle sales rose 10 per cent....
February 6, 2024
LexGeely Automobile Holdings Co Ltd
Geely Auto: European access through Renault matters more than component sales Premium content
...Geely Auto could use a sales boost. Its shares are down nearly a fifth in the past six months. A local price war in both petrol- and battery-powered cars has hurt sentiment....
July 11, 2023
Transcript
A historic auto workers strike
...But, you know, the major player in electric vehicles, Tesla, which has most of the sales, extremely anti-union....
September 18, 2023
Due Diligence
Is private equity’s $3tn problem starting to ease? Premium content
...Your default choice would typically be to run a “dual track” process exploring a public listing alongside a sale — and then select whichever exit path will maximise your financial return....
March 12, 2024
Tesla Inc
Tesla overtaken by China’s BYD as world’s biggest EV maker
...of Beijing-based advisory company Sino Auto Insights....
January 2, 2024
News updates from December 14: BoE and ECB hold rates steady, ECB’s Lagarde pushes back against rate cuts expectations
US retail sales rise unexpectedly in November
...Excluding petrol and autos, sales were up 0.6 per cent. October’s sales figure was revised to a decrease of 0.2 per cent from a fall of 0.1 per cent....
December 14, 2023
Electric vehicles
VW cuts price of EV and combustion engine cars to boost deliveries to China
...“The Chinese carmakers have become predatory in their own domestic market,” said Matthias Schmidt, an independent auto analyst....
April 10, 2024
Autumn Statement
UK halves EV sales forecast due to lower fuel costs and higher interest rates
...Ian Plummer, commercial director of Auto Trader, said: “We know that consumers need more incentives to make the switch, they need more affordable cars, more charging points and confidence in running costs...
November 22, 2023
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
News in-depthElectric vehicles
US auto salvage industry braced for impending bounty of junk EVs
...EVs comprised just 9.1 per cent of US new car sales in the second quarter of this year. But as EVs sales grow, they will gradually change flows into salvage yards....
October 11, 2023
News in-depthCarvana
Carvana makes U-turn away from financial abyss
...like the lender and auto retailer it is”....
March 21, 2024
Schaeffler AG
Bid by German auto group Schaeffler values Vitesco at €3bn
...The combined company would have sales of roughly €25bn a year and employ 120,000 people over more than 100 production sites across the world, Schaeffler said....
October 9, 2023
Live news updates from June 15: Committee finds that Johnson misled MPs, Cava shares pop on IPO
US retail sales rise more than expected on seasonal and auto spending
...Sales, which include spending on food and petrol, rose 0.3 per cent, the Census Bureau said on Thursday....
June 15, 2023
General Motors Co
GM says strike has cost $800mn as 5,000 more workers walk out
...Revenue rose 5 per cent from the same period a year earlier, to $44bn, with Jacobson citing strong sales and “healthy” pricing....
October 24, 2023
News in-depthUnited Auto Workers
Strike pits US auto union in existential struggle over shift to electric vehicles
...UAW president Shawn Fain has repeatedly said the shift to electric vehicles, which currently comprise about 8 per cent of new car sales, must be “a just transition” that “does not leave workers behind”....
September 16, 2023
BYD Co Ltd
China’s BYD moves closer to unseating Tesla as EV leader
...Daniel Roeska, an auto analyst with Bernstein, said that consumers had perceived a “chasm” between the industry leaders — Tesla and BYD — and the “traditional [original equipment manufacturers]” such as...
January 1, 2024
#techAsia
AI and autos at CES, and Panasonic’s US plans Premium content
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
January 11, 2024
Live news updates from May 17: Biden ‘confident’ in avoiding default, Russia extends grain export deal
Grand Theft Auto parent Take-Two surges on sales beat, 2025 outlook
...Take-Two Interactive surged 10 per cent in after-market trading as the video game maker reported forecast-beating sales and set a high bar for its 2025 fiscal year....
May 17, 2023
Disrupted Times
Global tax deal in jeopardy
...The funding crisis in England’s local authorities is “forcing them to the pawnshop” in a fire sale of assets....
February 28, 2024

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